NOT LISTED FOR SALE

700 Mainsail Arch Corolla, NC 27927

Corolla Area

Estimated Value: $1,578,000 - $2,168,000

6 Beds
5.5 Baths
4,064 Sq Ft
$480/Sq Ft Est. Value

Sale Details

Date Sold: March 3, 2017

Last sale price $1,225,000 $301 Per Sq Ft

Est. 59% increase in value since last sale

Current estimated payment $11,741 / mo

396 Days on Market

Highlights

  • Beach Front
  • Ocean View
  • Second Refrigerator
  • Knotts Island Elementary School Rated 9+
  • Concrete Pool
  • Coastal Architecture

About This Home

As of March 2017

THIS IS THE ONE! 2 0 1 6 R E N T S A L R E A D Y B O O K E D $ 1 2 6 ,1 9 0 ! RENOVATED, WELL MAINTAINED HOME ON THE BEACH !! BEST BEACH DUNES ON ONE OF THE LARGEST OCEAN FRONT LOTS 70 ft. WIDE WITHOUT A HOME TO THE SOUTH BOARDWALK. GREAT DEPTH AND DUNE PROTECTION. SAND, OCEAN, RAISED POOL, AND LOTS OF DECK SPACE AT A GREAT PRICE. CAREFULLY LOVED, THIS HOME HAS PLENTY OF ROOM FOR YOUR FAMILY & GUESTS. GOOD RENTALS AND LOW EXTERIOR UPKEEP. THE INTERIOR HAS HAD EXTENSIVE UPGRADES INCLUDING REMODELED KITCHEN & BATHROOMS, NEWER FLOORING, GLASS ENCLOSED SHOWERS, STAINLESS APPLIANCES, LIGHTING AND FURNITURE. SCREENED PORCH,OCEANSIDE DECKS AND POOL. ALL IN THE HEART OF COROLLA. TAKE A LOOK AND SAVE HUNDREDS OF THOUSANDS OF DOLLARS ON SIMILAR HOMES. CHECK OUT ALL THE PICS AND SEE WHERE YOU AND YOUR FAMILY FIT. PROPERTY HAS 2 FRIDGES, 2 DISHWASHERS, AND A STAND ALONE ICE MAKER. THERE IS A WONDERFUL SCREENED IN PORCH WITH WINDOWS FOR BREEZY NIGHTS! THE POOL HEATER REPLACED FOR 2016. THE RENTAL MANAGEMENT COMPANY TELLS THE OWNERS THE RENTS ARE SET TOO LOW!!! THAT ALLOWS FOR NICE INCREASES. ALWAYS FULLY BOOKED BY APRIL 1st FOR PRIME SUMMER!!! PLENTY OF LIGHTING MAKE THIS HOME BRIGHT AND COMPLETE. LARGEST LOT IN SECTION P! Over $130,000 for 2016. Projected to do $140,000 gross in 2017 with $61,000 already booked by Oct 15, 2016.

Last Agent to Sell the Property

David Hoare

SAGA Realty and Construction License #169514 Listed on: 11/16/2015

Last Buyer's Agent

David Hoare

SAGA Realty and Construction License #169514 Listed on: 11/16/2015

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,231

Year Built

  • Built in 1994

Lot Details

  • 10,462 Sq Ft Lot
  • Lot Dimensions are 72x140x82x30x15x10
  • Beach Front
  • Property fronts a private road
  • Level Lot

HOA Fees

  • $32 Monthly HOA Fees

Home Design

  • Coastal Architecture
  • Reverse Style Home
  • Frame Construction
  • Asphalt Shingled Roof
  • Wood Siding
  • Lap Siding
  • Shake Siding
  • Piling Construction
  • Vinyl Construction Material

Interior Spaces

  • 4,064 Sq Ft Home
  • Furnished
  • Ceiling Fan
  • Gas Fireplace
  • Window Treatments
  • Family Room
  • Living Room
  • Dining Room
  • Game Room
  • Sun or Florida Room
  • Utility Room
  • Dryer
  • Ocean Views

Kitchen

  • Oven or Range
  • Microwave
  • Second Refrigerator
  • Ice Maker
  • Second Dishwasher
  • Granite Countertops

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Main Floor Bedroom
  • En-Suite Primary Bedroom

Home Security

  • Storm Windows
  • Storm Doors
  • Fire and Smoke Detector

Parking

  • Tuck Under Parking
  • Paved Parking

Pool

  • Concrete Pool
  • In Ground Pool

Outdoor Features

  • Covered Deck

Utilities

  • Zoned Heating and Cooling
  • Heat Pump System
  • Community Sewer or Septic

Community Details

  • Association fees include common insurance, grounds maintenance, management, road maintenance, security, sewer/septic, tennis courts, walkways
  • Ocean Sands Subdivision

Listing and Financial Details

  • Tax Lot # 30

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,231

Year Built

Built in 1994

Lot Details

10,462 Sq Ft Lot

HOA Fees

$32 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Reverse Floor Plan, Coastal
  • Directions: Ocean Sands is North on HWY 12 through Duck to Corolla pass Currituck Club to Section K-P. Turn right straight to Ocean 700 Mainsail Arch
  • Extras: Ceiling Fan(s), Covered Decks, Smoke Detector(s), Storm Doors, Storm Windows
  • Flood Zone: VE
  • Subdivision Name: Ocean Sands Sec P
  • Headline: OCEAN Beach Corolla
  • Heated Sq Ft: 4064
  • Roads: Paved, Private
  • Sale/Rent: For Sale
  • Section: P
  • Waterfront Location: Oceanfront
  • Zoning: Res
  • Deed Book Pg Number: 0390
  • Major Subdivision: Ocean Sands
  • Office License Number: C5591
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Dryer, Ice Machine, Microwave, Range/Oven, Refrigerator w/Ice Maker, 2nd Dishwasher, 2nd Refrigerator
  • Bedrooms: 6
  • Bedroom 1: On Level: 3
  • Bedroom 2: On Level: 2
  • Bedroom 3: On Level: 2
  • Bedroom 4: On Level: 2
  • Bedroom 5: On Level: 2
  • Bedroom 6: On Level: 1
  • Kitchen: On Level: 3
  • Countertops: Granite
  • Floor Coverings: Carpet, Ceramic Tile, Tile, Wood
  • Foundation: Piling
  • Full Bathrooms: 5
  • Furnishings Available: Yes
  • Interior Amenities: All Window Treatments, Dryer Connection, Gas Connection, Gas Fireplace, Ice Maker Connection, Ensuite, Washer Connection
  • Dining Room: On Level: 3
  • Family Room: On Level: 2
  • Game Room: On Level: 1
  • Living Room: On Level: 3
  • Optional Rooms: Game Room, Sun/Florida Room, Shipswatch
  • Partial Bathrooms: 1

Exterior Features

  • Construction: Frame, Wood
  • Exterior: Lap Siding, Shakes, Vinyl, Wood
  • Pool: Yes
  • Pool: Private
  • Pool Type: In Ground, Concrete, Private Pool
  • Roof: Asphalt/Fiber Shingle
  • View: Ocean

Garage/Parking

  • Garage: Carport
  • Parking: Paved, Under

Utilities

  • Cooling: Heat Pump, Zoned
  • Heating: Electric, Heat Pump, Zoned
  • Sewer/Septic System: Community Septic

Condo/Co-op/Association

  • HOA Fee Includes: Common Insurance, Grounds Maintenance, Management, Road Maintenance, Security, Sewer/Septic, Tennis Courts, Walkways
  • Association Fee: Yes
  • Estimated Annual Fee: 380

Lot Info

  • Estimated Lot Sq Ft: 10462
  • Lot Description: Beach Frontage, Level, Water Frontage
  • Lot Faces: E
  • Lot Size: 72x140x82x30x15x10
  • Lot Number: Lot # 30
  • Deed Book: 0347

Rental Info

  • Rental Co: Carolina Designs
  • Rental Cottage Name: Casa de Playa
  • Rental Cottage Number: 382
  • Rental Phone Number: 252-261-3934
  • Rental Turnover Day: Sunday
  • Yearly Expense Actual Estimate: Actual

Building Info

  • Year Built: 1994

Tax Info

  • Year: 2015
  • Taxes: 6230.72

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 16, 2015
Closed on
Mar 3, 2017
Sold by
Bought by
Seller's Agent
David Hoare
SAGA Realty and Construction
Buyer's Agent
David Hoare
SAGA Realty and Construction
List Price
$1,495,000
Sold Price
$1,225,000
Premium/Discount to List
-$270,000
-18.06%
Current Estimated Value
$1,951,646

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$726,646
Avg. Annual Appreciation
5.10%
Original Mortgage
$685,000
Interest Rate
0.0419%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 16, 1994
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,225,000 Attorney
$245,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $685,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
03/03/2017 03/03/17 Sold $1,225,000 -18.1% $301 / Sq Ft
12/16/2016 12/16/16 Pending -- -- --
11/16/2015 11/16/15 For Sale $1,495,000 -- $368 / Sq Ft
Source: Outer Banks Association of REALTORS®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $14,014 $1,244,700 $770,000 $474,700
2024 $13,992 $1,244,700 $770,000 $474,700
2023 $12,958 $1,244,700 $770,000 $474,700
2022 $10,079 $1,244,700 $770,000 $474,700
2021 $8,802 $1,116,800 $700,000 $416,800
2020 $8,107 $1,116,800 $700,000 $416,800
2019 $8,120 $1,116,800 $700,000 $416,800
2018 $0 $1,116,800 $700,000 $416,800
2017 $7,645 $1,116,800 $700,000 $416,800
2016 $6,848 $1,116,800 $700,000 $416,800
2015 $6,231 $1,116,800 $700,000 $416,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 90281

Outer Banks Association of REALTORS®

APN: 126A-000-0030-000P

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